Deal sheet    Single Deal
1049 Lexington Avenue|Sales|03/22/2008
  • Event Sales
  • Address 1049 Lexington Avenue
  • Square feet 3,485
  • Price $ 5,350,000
  • Price per foot $ 1,535.15
  • Borough Manhattan
  • Neighborhood Upper East Side
  • Publication Date 05/01/2008
notes
The 3,485 sf property sold for $5.35 million, or $1,535 per square foot. The price represents a capitalization rate of 5 percent and a gross rent multiple of 15.4. The first and second floors are vacant retail units, and the Third and fourth floors each contain a one-bedroom apartment.